NEW YORK -- A $100 million issue of M&I Marshall & Ilsley Bank floating-rate bank notes due May 24, 1996, was priced at par through underwriters led by Lehman Brothers Inc., according to MCM CorporateWatch.
The noncallable issue was priced to float and pay monthly at 6.25 basis points above the one-month London interbank offered rate. The first payment will be made June 24.
The issue is rated double-A3 by Moody's Investors Service Inc. and single-A-plus by Standard & Poor's Ratings Group.
M & I Marshall & Ilsley Bank is a unit of Marshall & Ilsley Corp. of Milwaukee.